In Budget 2015, the government should be introducing friendly policies including tax holidays and interest subsidies.
In order to give a fillip to domestic handset manufacturing, handset players like Micromax and Karbonn expected the upcoming budget to initiate tax holidays and subsidies.
Though India is considered as the mobile market globally, the country is still lagging behind China in terms of manufacturing because Indian players continue to manufacture their devices in China.
"It is imperative that the government provides a fillip to manufacturing in the country by making its policies directly competitive to present "monolith China," Micromax Chairman Sanjay Kapoor told PTI.
"I hope the government will adopt a carrot rather than a stick approach for India's burgeoning smart devices market through encouraging and supportive rules and regulations to expedite the eco-system creation in India which is quintessential for smart device manufacturing," added Kapoor.
He also said that failing to do this will make it "difficult" for smartphone manufacturers to provide the latest technology at competitive prices, which is pivotal for the success of 'Digital India'.
"Indigenous products will help the country realise the vision of initiatives like 'Digital India' and 'Make in India' and take the mobile and Internet revolution to mass consumers," said, Pradeep Jain, MD, Karbonn
"In Budget 2015, the government should be introducing friendly policies including tax holidays and interest subsidies to give a push to domestic handset manufacturing and increase the mobile phone user base in India," he said.
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